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GIB unveils $1.11 bln Sukuk Al Wakala programme

Posted on 29 May 2012

Gulf International Bank (GIB) has successfully established a MYR 3.5 billion ($1.11 billion) Sukuk Al-Wakalah Medium-Term Note (MTN) programme in Malaysia. The Islamic MTN programme is based on the Shariah principle of Wakalah.
CIMB Investment Bank Berhad and Standard Chartered Saadiq Berhad are the joint lead arrangers, while GIB Capital LLC, GIB’s investment banking arm, is the international coordinator of the Sukuk programme………………………………………..Full Article: Source

 
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